Accreditation Commission For Acupuncture And Oriental Medicine
- Assets
- $1.3m
- Revenue
- $926.0k
- Investments
- $0.0
- Employees
- 4
- Location
- Excelsior, MN
- Founding
- 09/1996
- Data as of
- 12/2022
- EIN
- 52-1353469
Organization Overview
Accreditation Commission For Acupuncture And Oriental Medicine is located in Excelsior, MN. The organization was established in 1996. According to its NTEE Classification (B50) the organization is classified as: Graduate & Professional Schools, under the broad grouping of Education and related organizations. As of 12/2022, Accreditation Commission For Acupuncture And Oriental Medicine employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Accreditation Commission For Acupuncture And Oriental Medicine is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Accreditation Commission For Acupuncture And Oriental Medicine generated $926.0k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $930.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE AS THE NATIONALLY RECOGNIZED ACCREDITING AGENCY OF PROGRAMS IN ACUPUNCTURE AND EAST ASIAN MEDICINE (EAM) AND INSTITUTIONS EXCLUSIVELY PROVIDING EAM-RELATED PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACAHM EVALUATES PROFESSIONAL NON-DEGREE AND GRADUATE DEGREE PROGRAMS INCLUDING DOCTORAL PROGRAMS IN ACUPUNCTURE AND IN HERBAL MEDICINE UNDER THE RECOGNITION OF THE UNITED STATES DEPARTMENT OF EDUCATION (USDE) FOR A LEVEL OF PERFORMANCE, INTEGRITY AND QUALITY THAT ENTITLES THEM TO THE CONFIDENCE OF THE EDUCATION COMMUNITY AND THE PUBLIC THEY SERVE. ACAHM ESTABLISHES ACCREDITATION CRITERIA, ARRANGES SITE VISITS, EVALUATES PROGRAMS THAT DESIRE ACCREDITED STATUS, AND PUBLICLY DESIGNATES THOSE THAT MEET THE CRITERIA. ON A CONTINUING BASIS ACAHM EVALUATES ACCREDITED PROGRAMS' CONTINUING ABILITY TO MAINTAIN THEIR ORIGINAL INTENT AND THEIR EXPANSION PHYSICALLY, AS WELL AS, THE ADDITION OF NEW PROGRAMS UNDER THE U.S. DEPARTMENT OF EDUCATION RECOGNITION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Mckenzie Executive Di | Officer | 40 | $181,431 |
Marnae Ergil Chair | OfficerTrustee | 5 | $13,600 |
Robert Hoffman Commissioner | Trustee | 2 | $2,200 |
Katherine Taromina Commissioner | Trustee | 2 | $2,000 |
John Yoo Treasurer | OfficerTrustee | 2 | $2,000 |
Sandra Wise Commissioner | Trustee | 2 | $1,800 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $923,653 |
| Investment income | $2,379 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $926,032 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $181,431 |
| Compensation of current officers, directors, key employees. | $50,560 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $270,641 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $82,668 |
| Payroll taxes | $31,674 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,251 |
| Fees for services: Accounting | $24,975 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $182,009 |
| Advertising and promotion | $0 |
| Office expenses | $11,870 |
| Information technology | $23,762 |
| Royalties | $0 |
| Occupancy | $30,433 |
| Travel | $55,879 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $15,558 |
| All other expenses | $0 |
| Total functional expenses | $930,477 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,243,777 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,157 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $8,103 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $46,531 |
| Total assets | $1,300,568 |
| Accounts payable and accrued expenses | $49,157 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $45,164 |
| Total liabilities | $94,321 |
| Net assets without donor restrictions | $1,206,247 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,300,568 |